This Is How Much Technology Investor Prosus Is Set To Acquire Stack Overflow For
This Is How Much Technology Investor Prosus Is Set To Acquire Stack Overflow For. Prosus, one of the largest technology investors in the world, has entered into a definitive agreement to acquire Stack Overflow for $1.8 billion (R24 billion). Prosus plans to invest and grow Stack Overflow’s leading global developer community and SaaS collaboration platform as part of its future of workplace learning focus.
“We are delighted to be welcoming Stack Overflow to the Prosus family as we increasingly focus on the future of workplace learning. Learning of any kind typically begins with a question and their platform is critically important for global developers when they have questions about their work,” Larry Illg, CEO of EdTech at Prosus told Tech Financials.
“There is an opportunity to connect more deeply with their community through our other education platforms to further fulfil their learning needs.” Illg added.
Prosus is the international internet assets division of South African multinational Naspers. The global investment group is the largest consumer internet company in Europe, and among the largest technology investors in the world, operating across a variety of platforms and geographies. Prosus acquired a portfolio of international Internet firms, including fintech, and food delivery systems. Products and service of its businesses and investments are used by more than 1.5 billion people in 89 markets.
“We are excited to be joining the Prosus family, which catapults us into a new phase of growth and allows us to expand and accelerate Stack Overflow’s impact around the world,” Stack Overflow’s CEO, Prashanth Chandrasekar told Tech Financials. “Prosus’s expertise growing and nurturing communities, especially in a global context, will make our public platform even more invaluable in helping developers and technologists learn and grow.
“Given Prosus’s focus on the future of the workplace, their partnership will allow our market leading SaaS collaboration product, Stack Overflow for Teams, to reach thousands more global enterprises, allowing them to accelerate product innovation and increase productivity by unlocking institutional knowledge.” Chandrasekar added.
